ECON: Personal Consumption Expenditures Rise, Income Lower
*spending up 0.8 vs 0.6 consensus
*income up 0.2 vs 0.4 consensus
*core PCE price index +0.1, as expected
*Core PCE year-over-year up 2.3 vs 2.4 consensus
Personal income increased $28.2 billion, or 0.2 percent, and disposable personal income (DPI)
increased $18.9 billion, or 0.2 percent, in February, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $86.0 billion, or 0.8 percent. In January,
personal income increased $26.5 billion, or 0.2 percent, DPI increased $5.0 billion, or less than 0.1
percent, and PCE increased $40.9 billion, or 0.4 percent, based on revised estimates.
Real disposable income decreased 0.1 percent in February, compared with a decrease of 0.2
percent in January. Real PCE increased 0.5 percent, compared with an increase of 0.2 percent.